If you’re looking to sell a vintage Schwinn or snap up a first-edition Harry Potter, you’d probably head right over to an online auction house, place your bid and keep your fingers crossed. But if oil and gas assets are more your game, Amarillo, Texas-based EnergyNet is your destination. ...
Read More
Reese Energy Consulting last week shared a profile of Diversified Gas and Oil and its CEO Rusty Hutson, whose focus on drilling older wells with high production volumes has led the company to become one of the largest gas players in the Appalachia region. Ala.-based DGO, which operates 60,000 wells and 12,000 miles of gas gathering pipelines in six states, got a little bigger today with the announcement of two acquisitions. ...
Read More
Following Google’s recent ban on creating custom algorithms and AI products for the oil and gas industry, a salesman for Amazon Web Services (AWS) has countered with a pitch that almost guarantees him loads of new commissions....
Read More
Most every speculator either by profession or hunch agrees the oil industry in the second quarter is in for the ride of its life before some semblance of normalcy or “new” normalcy returns. But what’s interesting to see right now is how world populations are responding post-COVID-19. ...
Read More
Folks are getting mighty creative out there with proposed solutions to the oil and refined products storage shortfall. Midstreamers are leasing capacity on their pipelines. Producers are chartering tanker ships. The Strategic Petroleum Reserve has become Hotel Crude. It’s not lost on us that the storage situation has become an acute supply-and-demand offshoot of an acute supply-and-demand crisis. ...
Read More
Landing smack dab in the middle of all this COVID mess comes the year’s first earnings season and few in the oil and gas industry will be spared the wrath of a virus that’s changed virtually everything. But among the cuts, cutbacks, and curtailments we’re now witnessing, reports of our death are greatly exaggerated. ...
Read More